USD/JPY closed higher due to profit taking on Friday. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are diverging and are turning bullish hinting that a short-term low might be in or is near. Multiple closes above the 20-day moving average crossing would confirm that a short-term low has been posted. If it extends the decline off May's top, last November's low crossing is the next downside target.